Founded in October 2009 with $50 million pledge by George Soros, the New York City-bsed Institute for New Economic Thinking is nonprofit orgniztion providing fresh insight nd thinking to promote chnges in economic theory nd prctice through conferences, grnts nd eduction inititives. The Institute recognizes problems nd indequcies within our current economic system nd the modes of thought used to comprehend recent nd pst ctstrophic developments in the world economy. The Institute embrces the professionl responsibility to think beyond these indequte methods nd models nd will support the emergence of new prdigms in the understnding of economic processes. The Institute firmly believes in empowering the next genertion, providing the proper guidnce s we chllenge outdted pproches with innovtive nd ethicl economic strtegy. The Institute’s objective is to expnd the converstion to crete n open discussion for wider rnge of people. Some would sy tht present dy dilogue is closed nd polrizing. We recognize the need for n environment tht is nourished nd supported by discourse, discussion tht spns much wider spectrum of thinking nd incorportes the insights of other intellectul disciplines in both the nturl nd socil sciences. The Institute ws conceived during the first hlf of 2009 through series of discussions tht culminted t summit in July of 2009 in Bedford, NY.
